Stock futures are pointing to a slightly higher open on Monday as the market heads into a holiday-shortened week. Investors are cautiously optimistic as they await key economic data and corporate earnings reports.
As of early Monday morning, Dow Jones Industrial Average futures were up 0.2%, S&P 500 futures were up 0.3%, and Nasdaq futures were up 0.4%. This comes after a mixed week of trading last week, with the major indexes ending the week mostly flat.
Investors are keeping a close eye on the latest developments in the ongoing trade negotiations between the U.S. and China. The two countries are set to resume talks this week, with hopes of reaching a deal to end the trade war that has been ongoing for over a year.
In addition to trade talks, investors will also be watching for the release of key economic data this week. The Federal Reserve is set to release its latest Beige Book report on Wednesday, which will provide insight into the state of the U.S. economy. The Bureau of Labor Statistics will also release its latest job openings and labor turnover survey (JOLTS) report on Tuesday, which will give investors a glimpse into the state of the job market.
On the corporate front, several major companies are set to report earnings this week, including Disney, Cisco, and Walmart. These earnings reports will provide further insight into the health of the economy and the outlook for corporate profits.
Overall, the market is heading into a holiday-shortened week with cautious optimism. Investors will be watching closely for any developments in trade negotiations, as well as key economic data and corporate earnings reports. Stay tuned for live updates as the market continues to unfold.